1) Place-Based Investing Strategy Overview
WHO WE ARE
Founded in 1998, Community Capital Management (CCM) specializes in
managing fixed income Environmental, Social and Governance (ESG)/impact
investing portfolios. To date, CCM has $2 billion in assets and has invested
over $6.7 billion in ESG/impact initiatives nationwide on behalf of its
clients.
CCM&rsquo;S PLACE-BASED INVESTING OVERVIEW
Appropriate for: Community Foundations, Geographic-Specific
Investors
CCM has been buying bonds that finance community development initiatives
since 1999. This approach is proactive, positive and does not employ any
negative screening. Community development initiatives include:
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Affordable Housing
Enterprise Development
Redevelopment of Blighted Communities
Environmental Sustainability
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Affordable Healthcare
Education/Child Welfare
Healthy Communities
Disaster Recovery
Community foundations are dedicated to improving the lives of people in
a defined local geographic area. Through CCM&rsquo;s geographicallytargeted market-rate bond strategy, community foundations and
geographic-specific investors can positively impact the future of their
own communities.
&ldquo;Community foundations are
instruments of civil society designed to
pool donations into a coordinated
investment and grant making facility
dedicated primarily to the social
improvement of a given place. A
distinguishing characteristic of
community foundations is their placebased focus. Community foundations
thus offer exceptional opportunities to
link donors&rsquo; affective ties to a
particular place to investment vehicles
that support social benefits. Although
a handful of community foundations
have been pioneers in below-market
and market-rate community investment,
a growing number are paying attention
to emerging impact investment. This
trend offers real potential to channel
new sources of capital to the
community investing field.&rdquo;
-Expanding the Market for Community
Investment in the United States, US SIF
Foundation
CCM&rsquo;S ADVANTAGE
CCM actively manages bond portfolios that seek to provide investors with aboveaverage, risk-adjusted returns while financing community development initiatives. A
benefit is the ability for investors to customize their bond portfolio to positively align
with their social areas(s) of focus or geographies. We believe our approach provides an
added layer of investment transparency by detailing the use of bond proceeds and
providing comprehensive reports on the community initiatives being financed. Many of
our community investments have multiple components and benefits such as affordable
housing, job creation, childcare, and neighborhood revitalization.
GETTING STARTED
CCM manages bond portfolios within two investment vehicles: separately managed accounts (minimum: $10 million) and a
mutual fund (minimums vary per share class). For investments over $500,000 in the institutional share class of the mutual
fund and for all separate accounts, quarterly impact reports are provided detailing, dollar for dollar, the community
development initiative and benefit for each investment earmarked.
Community Capital Management
Place-Based Investing Overview
p1

2) CCM BOND EXAMPLES WITH A FOCUS ON PLACE-BASED INVESTING
Target: Los Angeles County / Arbor Court Apartments
Arbor Court Apartments is a Low Income Housing Tax Credit property where 100% of
the 150 studio apartments are restricted to low- and very-low income elderly and
disabled residents. The loan to Arbor Court Apartments finances the acquisition and
rehabilitation of an underutilized commercial hotel into apartments. The project, located
in an historic redevelopment district of Lancaster, is part of the city&rsquo;s effort to create a
social service &ldquo;hub&rdquo; for the community and will provide comprehensive on-site support
services at no cost to the residents.
The complex houses a 10,000 square foot adult day healthcare facility offering occupational therapy, speech therapy, and
several other options of rehabilitation. There is also a salon for low-cost haircuts, a 90-station touch screen computer
technology learning center, and nutritional meals offered by the Antelope Valley Committee on Aging. Green features
include solar panel technology which was funded in part through MASH, Multifamily Affordable Solar Housing, which
provides solar incentives on qualifying existing multifamily affordable housing. MASH is part of the California Solar
Initiative which is overseen by the California Public Utilities Commission.
Target: Oregon and Clark County, WA / Oregon Convention Center
The City of Portland is promoting neighborhood revitalization through the creation of
urban renewal areas. Urban renewal is a state-authorized, redevelopment and finance
program designed to help communities improve and redevelop areas that are physically
deteriorated, suffering economic stagnation, unsafe or poorly planned. Urban renewal is
used as a tool to focus resources in blighted or underused areas to stimulate private
investment and improve neighborhood livability. Financing was for capital projects in
the Oregon Convention Center Urban Renewal Area.
The Oregon Convention Center Urban Renewal Area was formed in 1989. It originally covered the Lloyd District
neighborhood located in the southern portion of the Area and consisted of 509 acres. The Plan was amended a few times
since then and currently consists of 410 acres. Investment in the Lloyd District neighborhood has been focused on projects
and programs that encourage the emergence of the Area as hub of the State&rsquo;s tourism, convention, and entertainment industry
and as a livable, 24-hour component of the downtown core. Some of the projects include commercial development, mixeduse housing and restoring on-street parking.
FOR MORE INFORMATION ON CCM&rsquo;S PLACE-BASED INVESTING, PLEASE CONTACT:
Jamie Horwitz
Director of Marketing
jhorwitz@ccmfixedincome.com
877-272-1977
Community Capital Management, Inc. is a Florida-based investment advisor registered with the Securities and Exchange
Commission under the Investment Advisers Act of 1940. The securities identified and described herein are current
holdings and for illustrative purposes. Their selection was based upon nonperformance criteria, such as the security&rsquo;s
social and/or environmental attributes. Impact figures mentioned in this report are approximate values. Past
performance does not guarantee future results. Market conditions can vary widely over time and can result in a loss of
portfolio value.
Community Capital Management
Place-Based Investing Overview
p2